All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Rhode Island
SMU44000006054000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.33
Year-over-Year Change
5.47%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the professional, scientific, and technical services industry in Rhode Island. It is an important indicator of economic activity and labor market conditions in the state's knowledge-based sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Rhode Island series tracks the total number of workers employed in this key industry, which includes occupations such as accounting, engineering, legal services, and scientific research. This data provides insights into the strength and growth of Rhode Island's high-skilled service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the performance and competitiveness of Rhode Island's professional services sector.
Key Facts
- Rhode Island has over 50,000 workers in professional, scientific, and technical services.
- This industry accounts for nearly 15% of total employment in the state.
- Employment in Rhode Island's professional services sector has grown by over 10% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the professional, scientific, and technical services industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and competitiveness of Rhode Island's high-skilled service economy, which is a key driver of economic growth and prosperity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the performance and competitiveness of Rhode Island's professional services sector, which is critical for the state's economic development and job creation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
Related Trends
Chain-Type Quantity Index for Real GDP: Construction (23) in Rhode Island
RICONSTQGSP
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Rhode Island
MEDSQUFEEYYRI
Average Weekly Hours of Production Employees: Manufacturing in Rhode Island
SMU44000003000000007
Information Wages and Salaries in Rhode Island
RIWINF
Average Weekly Hours of All Employees: Goods Producing in Rhode Island
SMU44000000600000002A
Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Rhode Island
RIRAILTRANQGSP
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Rhode Island (SMU44000006054000001SA), retrieved from FRED.